CalBank PLC has reported a strong financial performance for the first half of 2026, posting a 25% increase in profit before tax as growth across its core banking business gathered pace.
The bank recorded a profit before tax of GH¢353.6 million for the six months ended June 2026, up from GH¢283.2 million in the corresponding period last year. The improvement was driven by higher net interest income, increased fee and commission earnings, and stronger trading income.
Net interest income surged 83% to GH¢347.5 million, supported by higher interest income and a sharp reduction in funding costs. Interest income rose to GH¢451.5 million from GH¢399 million, while interest expense declined by more than half to GH¢104 million from GH¢209 million.
The bank also recorded strong growth in non-interest income, with net fees, commissions and trading income almost doubling to GH¢323.3 million, compared with GH¢162.7 million in the first half of 2025.
According to CalBank, the latest earnings reflect improvements in its core banking operations rather than one-off gains. Net impairment recoveries contributed only GH¢7 million to first-half profit, compared with about GH¢154 million during the same period last year, indicating stronger underlying operating performance.
The bank’s balance sheet also expanded during the period. Total assets increased by 30% to GH¢13.9 billion, while customer deposits rose by the same margin to GH¢10.9 billion, reflecting what the bank described as sustained customer confidence and continued growth in its retail and commercial banking businesses.
Asset quality improved significantly, with the Non-Performing Loan (NPL) ratio falling to 10.1% from 51.6% a year earlier. CalBank attributed the improvement to the successful execution of its balance sheet remediation strategy and disciplined credit risk management.
The bank further strengthened its capital position following its recapitalisation in 2025. Its Capital Adequacy Ratio improved to 18.17%, compared with negative 7.6% at the end of June 2025, while liquidity remained strong.
Commenting on the results, Managing Director Carl Selasi Asem said the bank’s transformation strategy is translating into sustainable financial performance.
“Our first-half performance demonstrates that CalBank’s transformation is delivering sustainable financial results. We have achieved strong growth across all our core businesses, improved funding efficiency, strengthened profitability, enhanced asset quality, consolidated our capital position and expanded our balance sheet.”
He added that the bank remains focused on disciplined execution and is confident the momentum built in the first half will support an even stronger performance in the second half of 2026.
CalBank said it will continue to pursue its strategic priorities by deepening customer relationships, maintaining prudent risk management, and creating sustainable value for shareholders.
